When various plans were announced to help out home owners who were overextended in some of these creative mortgage loans some on the left felt they did to little, others on the right felt they did way to much. There argument is we are a free market society, and risk and failure are important part of that.
Of course when the group in trouble is not some poor or middle class family, but a billion dollar corporation, well new rules apply. Just another reminder that free market forces don't apply to the rich, but the poor, well, even when we have a bail out, you are still going to get screwed.
Tags
Bear Stearns, Economics
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